IT FY 2019 Earnings Report — Gartner, Inc. Revenue & Financial Results | Market Cap Arena

Gartner, Inc.IT

FY 2019 Earnings

Reported February 19, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.2B	—	$4.0B	—	6.8%
Op. Income	$370M	—	$260M	—	42.5%
Gross Margin	63.5%	—	63.1%	—	0.4pp
Net Margin	5.5%	—	3.1%	—	2.4pp
EPS (Diluted)	$2.56	—	$1.33	—	92.5%
Free Cash Flow	$416M	—	$344M	—	21.0%

Revenue Flow

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$221M
Operating Expenses	$2.3B
Cost & Expenses	$3.9B
OPERATING INCOME	$370M
Interest Income	$3M
Interest Expense	$103M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$276M
Income Tax Expense	$42M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$233M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$212M
EBIT	$379M
EBITDA	$590M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$221M
Operating Expenses	$2.3B
Cost & Expenses	$3.9B
OPERATING INCOME	$370M
Interest Income	$3M
Interest Expense	$103M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$276M
Income Tax Expense	$42M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$233M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$212M
EBIT	$379M
EBITDA	$590M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$233M
Depreciation & Amortization	$212M
Stock-Based Compensation	$69M
Deferred Income Tax	-$56M
Other Non-Cash Items	$86M
Change in Working Capital	$21M
OPERATING CASH FLOW	$565M
Capital Expenditure	-$149M
Acquisitions (Net)	-$26M
Purchases of Investments	$12M
Sales/Maturities of Investments	$14M
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$161M
Net Debt Issuance	-$105M
Common Stock Repurchased	-$199M
Common Dividends Paid	$0
Other Financing Activities	$18M
NET CASH FROM FINANCING	-$286M
FREE CASH FLOW	$416M
Net Change in Cash	$122M

Balance Sheet

Item	Amount
Cash & Equivalents	$281M
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$0
Other Current Assets	$266M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$1.0B
Goodwill	$2.9B
Intangible Assets	$925M
Long-Term Investments	$0
Tax Assets	$80M
Other Non-Current Assets	$143M
TOTAL NON-CURRENT ASSETS	$5.1B
TOTAL ASSETS	$7.2B
Account Payables	$33M
Short-Term Debt	$216M
Deferred Revenue	$1.9B
Other Current Liabilities	$147M
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$2.0B
Deferred Revenue NC	$24M
Deferred Tax Liabilities	$190M
Other Non-Current Liabilities	$266M
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$6.2B
Common Stock	$82.0K
Additional Paid-In Capital	$1.9B
Retained Earnings	$2.0B
Treasury Stock	-$2.9B
Accum. Other Comp. Income	-$78M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$939M
Minority Interest	$0
TOTAL EQUITY	$939M
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$3.1B
Net Debt	$2.8B